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BreitBurn Energy Partners L.P. (NASDAQ:BBEP) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.

Shares of BreitBurn Energy Partners L.P. (NASDAQ:BBEP) opened at 21.79 on Friday. BreitBurn Energy Partners L.P. has a one year low of $17.10 and a one year high of $23.15. The stock has a 50-day moving average of $22.13 and a 200-day moving average of $20.81. The company’s market cap is $2.607 billion.

BreitBurn Energy Partners L.P. (NASDAQ:BBEP) last announced its earnings results on Thursday, July 24th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $1.08. The company had revenue of $93.12 million for the quarter, compared to the consensus estimate of $221.55 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down 57.1% on a year-over-year basis. On average, analysts predict that BreitBurn Energy Partners L.P. will post $0.69 earnings per share for the current fiscal year.

BBEP has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of BreitBurn Energy Partners L.P. from a “neutral” rating to an “outperform” rating in a research note on Friday, July 18th. They now have a $24.40 price target on the stock. Separately, analysts at Global Hunter Securities initiated coverage on shares of BreitBurn Energy Partners L.P. in a research note on Friday, June 20th. They set an “accumulate” rating and a $23.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of BreitBurn Energy Partners L.P. from $21.00 to $22.00 in a research note on Tuesday, May 13th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $23.10.

BreitBurn Energy Partners L.P. is an independent oil and gas partnership focused on the acquisition, exploitation and development of oils and gas properties in the United States.

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